Morgan Stanley revise their US GDP forecast to +1.3%, from +0.6%, citing Biden Boom

<p>Morgan Stanely have made what they refer to as, quite rightly, a "sizeable upward revision" to their 2023 US economic growth forecast.</p><p>Analysts at the bank now expect +1.7% Q4/Q4, from +0.6% previously. </p><p>Morgan Stanley cite stronger-than-expected public investment as the largest contributor to the reasoning, pointing to "a boom" from The Infrastructure Investment and Jobs Act.</p><p>—</p><p>I wonder if this means higher for longer for the Federal Open Market Committee (FOMC)? </p>

This article was written by Eamonn Sheridan at www.forexlive.com.